Share Buy Back
23 10월 2008 - 9:00PM
UK Regulatory
RNS Number : 5450G
KSK Emerging India Energy Fund Ltd
23 October 2008
Not for release, publication or distribution in, or into, the United States, Canada, Australia, Japan, Israel, the Republic of Ireland
or the Republic of South Africa.
Press Release 23 October 2008
KSK Emerging India Energy Fund Limited
("KEF" or "the Company")
Purchase of Shares
KSK Emerging India Energy Fund Limited (AIM:KEF) announces that it has today purchased a further 250,000 ordinary shares of nil par
value each in KEF at 79.25p per share. The Investment Manager believes that purchasing shares at a discount to NAV will enhance returns to
shareholders.
Purchased shares will be held in treasury by the Company and will not carry voting or dividend distribution rights.
Following this transaction, the number of ordinary shares in issue less purchased shares held in treasury is 94,500,000 and therefore
the total number of voting rights in the Company is 94,500,000.
The Company currently holds a total of 6,500,000 ordinary shares in KEF in treasury.
- Ends -
For further information:
KSK Emerging India Energy Fund Limited
Tanmay Das, Non-Executive Director Tel: +44 (0) 20 7398 7715
www.ksk-eiefund.com
Liberum Capital Limited
(Financial Adviser and Broker)
Steve Pearce Tel: +44 (0) 20 3100 2224
steve.pearce@liberumcapital.com www.liberumcapital.com
Grant Thornton UK LLP
(Nominated Adviser)
Philip Secrett Tel: +44 (0) 20 7728 2578
philip.j.secrett@gtuk.com www.gtuk.com
Media enquiries:
Abchurch Communications Limited
Henry Harrison-Topham / Nick Probert Tel: +44 (0) 20 7398 7715
nick.probert@abchurch-group.com www.abchurch-group.com
Notes to editors
KSK Emerging India Energy Fund Limited is a Guernsey registered closed ended investment company established to make investments in
companies engaged in the Indian power and energy sector. The Company will target investment in businesses that operate across the Indian
power and energy sector value chain including those involved in the development of the sector's infrastructure. Although the Company's
investments will primarily be focused on such businesses in India, the Company may, if deemed appropriate, invest in companies that are
based outside India but have the potential to benefit from the Indian power and energy sector. The Company's objective is to target
investment opportunities that have a projected realised IRR in excess of 20 per cent.
Disclaimer
This press release is not for distribution (directly or indirectly) in or to the United States, Canada, Australia, Japan, Israel, the
Republic of Ireland or the Republic of South Africa or any other jurisdiction in which the same would be unlawful. This press release is not
an offer of securities for sale in or into the United States, Canada, Australia, Japan, Israel, the Republic of Ireland or the Republic of
South Africa. This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any
offer to purchase or subscribe for, any Ordinary Shares of the Fund.
Interests in the Fund may not be offered directly to members of the public in the Bailiwick of Guernsey. The "public" means any person
not regulated under any of Guernsey's financial services regulatory laws within the Bailiwick of Guernsey.
Some of the information contained in this press release contains statements that are, or may be deemed to be forward-looking statements.
Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future
conditions. Because forward-looking statements relate to the future, they are, by their nature, subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict. We caution you not to rely on any such statements as statements of historical fact
or as guarantees or assurances of future performance. Save as required by law, by the AIM Rules, by the CISX Rules or by the Listing Rules,
Disclosure and Transparency Rules or Prospectus Rules of the Financial Services Authority, we undertake no obligation publicly to release
the results of any revisions and updates to any forward-looking statements in this press release that may occur due to any change in our
expectations or to reflect events or circumstances after the date of this press release.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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